Adani Enterprises to enter Nifty 50 index; stock zooms 100% in 6 months

Shares of Adani Enterprises hit a record high of Rs 3.369 after they gained 4 per cent on the National Stock Exchange (NSE) in Friday's intra-day trade. The spurt comes after the NSE announced the company's inclusion in the benchmark Nifty 50 index.

Adani Enterprises will join the benchmark index, the most tracked stocks gauge in the country, from September 30 in place of Shree Cement.

In the past six months, the market price of Adani Enterprises has doubled from a level of Rs 1,641, as compared to a 5.5 per cent rise in the Nifty 50 index.